Tata Summers on driver seat in case of buying AirIndia! Top of the bid

The company has an outstanding debt of Rs 60,000 crore

The company has an outstanding debt of Rs 60,000 crore

According to Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Assets Management (Dipam), the divestment of Air India may be delayed by a few months as physical inspection by the bidders is not possible as soon as the current pandemic takes place. .

New Delhi. Currently, Tata Sons Private Limited, the holding company of the Tata Group, is looking at the driving seat for the disinvestment of Air India (Airport). This is because in the initial bid, Air India Limited has imposed a higher price for SpiceJet than Ajay Singh, the promoter of SpiceJet. It is known that the government wants to completely hand over Air India by the end of the year. According to sources, Tata Sons is looking ahead in the proposed disinvestment process. The second wave of Kovid has reduced the load factor and postponed air travel, which is not only disrupting Air India’s cash flow but also reduces its valuation.

This may cause delays

According to Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Assets Management (Dipam), the divestment of Air India could be delayed by a few months because the physical inspection from the bidders would happen as soon as possible due to the current pandemic. Impossible. Giving this information at the Mint India Investment Summit, he said that the government is aiming to complete the division of Air India in the first half of FY 2021, but in terms of time, it may be slightly reduced. So far, Ajay Singh, chairman and managing director of Tata Group and SpiceJet, has been shortlisted for bidding according to his personal ability.

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company On is 60,000 Crore Rupees Of Outstanding debt

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